Hi and welcome to the 9th monthly performance report for DKK, INR, NOK and SEK Two Crows Systematic Week#2 long-only equity portfolios.
I again keep this report short and sweet. I’ve been on vacation sipping beers on a beach sans laptop so managed to avoid both stock market research and also reading financial news, hence I lack anything clever to say.
Oh wait, I know… apparently Nvidia keeps going up — you happy now?
September 2024 Week#2 Commentary
As of end of September the Two Crows Week#2 portfolios remain all strongly positive YTD. In a rather unexpected turn of events the Danish stock market fell off a cliff in September, dropping by approximately 10% while our Two Crows portfolio actually increased in value by 0.5%.
This now means that all Two Crows portfolios, across all currencies, now exceed a TWRR vs their benchmarks, in several cases by 100% or more.
Our Week#2 portfolios, and Two Crows portfolios overall, continue to cluster in the upper half when ranked against HedgeNordic Equity Long-Only portfolios.
And TWRR of all Two Crows Systematic portfolios (blue) vs all HedgeNordic (yellow) continues to be satisfactory.
Week#2 Performance Tearsheets for September 30 2024
In addition to the performance figures stated above, PDF tearsheets for TCS Week#2 DKK, INR, NOK and SEK Model Portfolio performance figures and overview for the month of September 2024 follow:
DKK Portfolio & Benchmark:
INR Portfolio & Benchmark:
NOK Portfolio & Benchmark:
SEK Portfolio & Benchmark:
As always thanks for reading, more soon…